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18. In Article 65 (Amalgamation of credit unions)(1)—
(a)in paragraph (4) for “him” substitute “it”; and
(b)for paragraphs (7) and (8) substitute—
“(7) If the appropriate authority is the FCA, the FCA must not register a special resolution under this Article unless the proposed amalgamation would not, in its opinion, result in a contravention of the 2000 Act, or any requirement imposed by or under that Act.
(8) If the appropriate authority is the PRA, the FCA must not register a special resolution under this Article unless the PRA, having first consulted the FCA, has confirmed to the FCA that the proposed amalgamation would not, in its opinion, result in a contravention of the 2000 Act, or any requirement imposed by or under that Act.”.
The words in Article 65(7) were inserted by S.I 2011/2832 and substituted by S.I 2013/496. Article 65(8) was inserted by S.I 2013/496.
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